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20121007
20121015
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or insurance company. we cannot afford to cut our investments in education or clean energy or research or technology. that's not a jobs plan. does not plan to grow the economy. that is not change. that is a relapse. we have been there and we have tried that. we are not going back, we are moving for. that's why i'm running for a second term as president of the united states. -- we are moving forward. [cheers and applause] we've got a different view about how to create jobs and prosperity in america. a strong economy does not trickled down from the top. it grows from a thriving middle- class and folks working hard to get into the middle class. i believe it's time for our tax stops rewarding companies for shipping jobs overseas. let's reward companies in ohio that are keeping jobs in american. i believe we can create more jobs by controlling more our own energy. after 30 years of inaction, we raised fuel standards so by the middle of the next decade your cars and trucks will go twice as far on a gallon of gas. today the u.s. is less dependent on foreign oil than at any time in two decade.
of the expenditures in the tax code are not loopholes at all. tax preferences, things like a college education and retirement savings belong in the tax code even after reform happens. they were put in the code on purpose, to make a middle-class lifestyle accessible and sustainable for american families. tax reform recognized this in 1986 even as we cleared out the underbrush of loopholes, which preserved versions of the mortgage interest deduction, the charitable deduction, the state and local property tax deduction. realized that as much as we want to make the code more efficient, these provisions were two essential to middle-class households. we have to abide by the same principle today. if we seek to protect the expenditures that are most essential to the middle-class, we still hope to reduce the deficit and we will need to find alternative revenue sources. this leads to the second principle of this new model for tax reform -- the tax rate for the highest earners should probably return to clinton-era levels and stay somewhere around there. this will come as heresy to some of those on the ot
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